FX strategist joins GIC from JP Morgan; BNP AM Singapore CEO Christian Bucaro to leave; QIC appoints transport partner; Abrdn names head of product strategy as its wholesales distribution director for Apac leaves for BlackRock; Hyundai- and Rockefeller-backed Sylban Group appoints vice-chair and Singapore-based MD; Franklin Templeton appoints Korea head; and more.
TCorp promotes general manager for financial markets; the Australian Prudential Regulation Authority announces executive changes; HSBC AM hires infrastructure equity team from AMP Capital; Franklin Templeton hires Southeast Asia head of institutional from BlackRock; MFS appoints managing director and hires former NPS PM; and more.
In March 2020, the stock market crashed 26% but recovered spectacularly by the end of the year, leading funds like GIC and BlackRock to rethink their investment strategies.
Calpers hires Nicole Musicco as CIO from OTPP, where she set up its first Asia Pacific office; Australian small caps equities director leaves Rest Super; BlackRock hires new head of institutional for Asia Pacific; Schroders investment director joins Capital Group in Singapore; HKEX reappoints advisory council members and board members; and more
Limitations of traditional portfolio methods such as mean variance optimisation (MVO) and the 60-40 model drive new approaches at the sovereign wealth fund.
GIC will buy a portfolio of 15 hotels and 16 leisure properties from Japan’s Seibu Holdings for $1.3 billion; KIC invests $1.9 million in Coinbase shares; BlackRock CCB Wealth Management has received approval to launch pension wealth management products in Guangzhou and Chengdu; Temasek downsizes holdings in Alibaba while adding new positions in Pinduoduo and JD.com; Former Goldman Sachs banker Roger Ng to stand trial for role in 1MDB scandal; and more.
Korea’s bond fund market recorded the greatest net outflows during the third quarter as traders priced in Bank of Korea rate hikes amid inflation concerns.
BlackRock's $8.6bn China bond fund manager to exit firm; Sun Life announces new president for Asia; Manulife Hong Kong confirms Candy Au Yeung as new COO; QIC Global Real Estate appoints healthcare GM; Integrity Life appoints product GM from MetLife; M&G expands Asian distribution team; and more.
Manulife appoints new COO; the head of investment stewardship at VFMC departs; June Wong joins Value Partners as president; State Street appoints head of Singapore and Southeast Asia, and head of Australia; BlackRock COO joins UBS AM as Australia and New Zealand country head; Pictet veteran named as Asia CIO; Nomura AM Malaysia head to step down; and more
HSBC Asset Management names Michael Cross as global fixed income CIO; Jessica Jones has been appointed PGIM Asia head; Eastspring welcomes former HSBC Apac CIO; BlackRock names Apac index investments head; Haitong International launches family office business; Jupiter hires from AllianzGI; State Street names Apac collateral lead; and more.
AsianInvestor identifies five ways in which technology will force fund management to evolve. We begin with the likely impact on product distribution and flexibility.
The ability of foreign asset managers to take 100% foreign ownership of China-based subsidiaries and expand has not gone smoothly.